August 14, 2020 - Career Group Companies
A full-time job is a great way to guarantee security in your life. However, full-time work can be a hard thing to secure, especially during a pandemic. If you’re one of the 33 million workers who have been furloughed or laid off since the beginning of the pandemic, you’re probably feeling uncertain about your future, what you should do, and where you should go for help.
Confusion and uncertainty about the future are all common reactions to being furloughed. Understanding exactly what being furloughed means and your options for the future can help. Sometimes a furlough is just a blip on the screen – a temporary interruption in your typical job. In some cases, it can lead to a permanent layoff. But take heart – that it can also lead to a new (and better!) career.
A furlough is an unpaid temporary leave of absence mandated by your employer.
A company generally furloughs workers during slow periods when there is little work, or due to tough economic times when it’s impossible to meet the expectations of having a full payroll.The act of furloughing employees is designed to keep a business afloat during a temporary slowdown. If all goes well, furloughed workers are expected to return after a designated period of time.
There are multiple ways an employer may handle a furlough. In some instances, employees are required to take off a certain number hours each week, or a specific amount of days during the year. Some employees may be asked to transition to a reduced schedule as well, such as twenty or twenty-five hours per week.
Another type of furlough, which is more common, is when workers are required to take weeks or months of unpaid leave until the company’s situation improves. Since a furlough is expected to be temporary, employees can continue benefits coverage, and can usually expect to keep their pay and position upon return.
Since a furlough is an unpaid absence, your employer won’t pay wages while you’re not working. However, if you expect to be furloughed for a long period of time (usually more than a few weeks), your employer may encourage you to apply for unemployment benefits. After you’re approved for unemployment, you’ll likely need to answer a series of questions each week regarding your current employment status. Furloughed employees who are receiving unemployment can search for new employment or even work part-time. But it’s important to remember that any income you receive while furloughed will be documented and affect the amount you receive each week.
The words furlough and layoff are often sometimes interchangeably, but they don’t mean the same thing. While the same circumstances often trigger both layoffs and furloughs, the results can be very different. A furlough is technically considered a leave of absence, which means you’re still listed as an employee and expected to return to work eventually.
Comparatively, a layoff discharges an employee completely. Laid off employees are considered fully terminated without the intent of bringing them back on, and you will not continue on the company’s benefits program. It’s important to note that a furlough can become a layoff over time if the circumstances causing the furlough don’t improve.
During uncertain times, looking toward the future can seem scary, daunting, or even hopeless. No matter what employment situation you’re facing, it’s important to remember you have many options. While many employees entered a furlough with confidence they would return to work quickly, it’s always possible that may not be the case. If your employer remains uncertain about the future of the business, you may be thinking about applying for other jobs. If you’re unsure about waiting out your furlough, ask yourself these questions:
Seeking a new career during any situation can be a nerve-wracking experience. As the entire world seems to be facing uncertainty about the future, it feels more difficult than ever. Determining the best course of action for your employment future isn’t something you have to do alone. A recruiting agency works with employers and potential employees in a variety of industries to create perfect career matches. Career Group Companies is a recruiting firm that works in a variety of industries to match top companies with qualified candidates. Get in touch with us at our offices in Los Angeles, New York, San Francisco, and Greenwich, to learn more about how you can make the most of your time while being furloughed. Talk to a Career Group Companies recruiter to go over your options today.
July 28, 2021 - Career Group Companies
July 21, 2021 - Career Group Companies
July 14, 2021 - Career Group Companies